Danaher Corporation $DHR Shares Acquired by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. boosted its stake in shares of Danaher Corporation (NYSE:DHR) by 528.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,818 shares of the conglomerate’s stock after buying an additional 9,938 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Danaher were worth $2,618,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DHR. BlackRock Inc. acquired a new stake in shares of Danaher in the second quarter valued at about $10,492,520,000. Jupiter Topco LLC bought a new position in shares of Danaher during the second quarter worth about $1,456,317,000. Generation Investment Management LLP acquired a new position in shares of Danaher in the second quarter worth approximately $1,287,949,000. Bank of America Corp DE acquired a new position in shares of Danaher in the second quarter worth approximately $993,846,000. Finally, Legal & General Group Plc acquired a new stake in Danaher during the 2nd quarter valued at approximately $801,056,000. Institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

DHR has been the subject of several analyst reports. Evercore restated an “outperform” rating and set a $230.00 price target on shares of Danaher in a report on Monday, July 6th. UBS Group started coverage on shares of Danaher in a research note on Wednesday, September 9th. They issued a “buy” rating and a $250.00 price objective on the stock. The Goldman Sachs Group upped their price objective on shares of Danaher from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 21st. Stifel Nicolaus decreased their price objective on shares of Danaher from $260.00 to $220.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $240.00 target price on shares of Danaher in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Danaher presently has an average rating of “Moderate Buy” and an average target price of $235.41.

Danaher Stock Up 1.4%

Shares of NYSE DHR traded up $3.09 during trading on Tuesday, hitting $224.29. 2,780,443 shares of the company traded hands, compared to its average volume of 4,442,988. The firm has a market capitalization of $157.67 billion, a price-to-earnings ratio of 39.85, a P/E/G ratio of 2.74 and a beta of 0.76. The business’s fifty day moving average is $211.85 and its 200 day moving average is $194.88. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.65. Danaher Corporation has a fifty-two week low of $160.93 and a fifty-two week high of $242.80.

Danaher (NYSE:DHR) last issued its earnings results on Monday, July 20th. The conglomerate reported $1.94 EPS for the quarter, beating the consensus estimate of $1.85 by $0.09. Danaher had a return on equity of 11.04% and a net margin of 15.95%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.12 billion. During the same period last year, the business posted $0.77 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts predict that Danaher Corporation will post 8.53 earnings per share for the current fiscal year.

Danaher Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.60 annualized dividend and a yield of 0.7%. Danaher’s dividend payout ratio is presently 28.42%.

Danaher Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that develops and manufactures products, services and solutions for the life sciences, diagnostics and biotechnology industries. Its offerings help researchers, healthcare professionals and biopharmaceutical manufacturers discover, develop, produce and analyze medicines and other biological products.

The company operates through businesses that provide laboratory instruments, consumables, software and services, including technologies for cell analysis, genomics, protein research, bioprocessing and clinical diagnostics.